Bell Atlantic and Rudin Management Wire Manhattan Office Buildings for the 21st Century

Bell Atlantic and Rudin Management Wire Manhattan Office Buildings for the 21st Century

Bell Atlantic Creates Communications Nirvana for Rudin Tenants

October 19, 1999

Media contact: John Gilbert, Rudin Management
Maureen Flanagan, Bell Atlantic

NEW YORK -- Rudin Management is offering business tenants much more than a room with a view. The real estate developer has teamed with Bell Atlantic to deliver swift access to high-speed data networks.

As part of the joint project, Bell Atlantic is upgrading its telecommunications network in venerable Manhattan buildings owned by Rudin and occupied by some of the world's largest and most influential finance, technology, entertainment and media companies.

"Rudin tenants range from startups to Fortune 500 corporations, but they all have one thing in common -- they demand access to a high-speed, high-capacity, flawless communications network that can move huge volumes of data every day," said William C. Rudin, president of Rudin Management. "We turned to Bell Atlantic to help us identify existing fiber capacity and install a communications infrastructure that would give our tenants access to world markets at the click of a mouse."

Bell Atlantic is upgrading its communications systems in 14 Rudin buildings to improve overall network reliability and flexibility. For example, the company is deploying fiber optics and advanced electronics inside the offices of many Rudin tenants to provide bandwidth on demand faster than ever before.

Fiber is routinely installed in the basement of a building with copper lines running between the basement and the office space. When a customer requires additional high-speed capacity to handle increasing traffic on its communications network, Bell Atlantic must modify its network and the equipment at the customer's location.

Bringing high-speed fiber lines directly to the office greatly reduces the need for network re-engineering and significantly improves the speed with which Bell Atlantic can respond to a customer's need for additional bandwidth.

"This comprehensive upgrade will enable businesses to stay way ahead of crushing demands for more network capacity," said Paul Lacouture, Bell Atlantic's group president of network services. "Bringing fiber inside the office space is a revolutionary move that will greatly enhance the value of Rudin real estate and significantly improve the quality of service we deliver to our customers."

Rudin is regarded in the real estate industry as a leader in recognizing the value state-of-the-art communications can add to an office building. Three Rudin structures -- 55 Broad St. and 110 Wall St. in Manhattan, as well as the Long Island Technology Center in Islip, N.Y., have already undergone a communications metamorphosis.

Rudin and Bell Atlantic also are planning to install the latest communications technology at the new Reuters building currently under construction at 3 Times Square.

"Our relationship with Bell Atlantic is based on a mutual interest in delivering the finest high-speed communications technology available today," said Rudin. "Our tenants are not casual users of voice and data communications. They are among the heaviest users of the network and require access to a ready supply of bandwidth to operate efficiently in this fast-paced, global marketplace."

Lacouture said Bell Atlantic is committed to developing a similar working relationship with other real estate developers and building owners across its region.

"Rudin Management is clearly onto something big," said Lacouture. "We expect this to catch on with developers in other metropolitan areas across our region."

About Rudin Management
Rudin Management Co., Inc. is responsible for managing the Rudin Family portfolio of properties, which consists of 36 residential and office buildings in Manhattan. Recent projects have focused on integrating technology and broadband connectivity into the fabric of Rudin's real estate holdings. Jack and Lewis Rudin serve as co-chairmen of the company. Bill Rudin is the president.

About Bell Atlantic
Bell Atlantic is at the forefront of the new communications and information industry. With more than 43 million telephone access lines and nearly 10 million wireless customers worldwide, Bell Atlantic companies are premier providers of advanced wireline voice and data services, market leaders in wireless services and the world's largest publishers of directory information. Bell Atlantic companies are also among the world's largest investors in high-growth global communications markets, with operations and investments in 23 countries.

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